Allworth Financial LP Has $328,000 Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM)

Allworth Financial LP boosted its holdings in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 411.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,554 shares of the company’s stock after buying an additional 4,469 shares during the period. Allworth Financial LP’s holdings in Wheaton Precious Metals were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WPM. Versant Capital Management Inc acquired a new position in Wheaton Precious Metals during the fourth quarter valued at $29,000. Laurel Wealth Advisors LLC acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $39,000. GAMMA Investing LLC acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $41,000. St. Johns Investment Management Company LLC acquired a new position in Wheaton Precious Metals in the 3rd quarter worth about $48,000. Finally, Exchange Traded Concepts LLC acquired a new position in Wheaton Precious Metals in the 4th quarter worth about $54,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Stock Down 2.8 %

Shares of NYSE:WPM opened at $68.01 on Friday. Wheaton Precious Metals Corp. has a twelve month low of $38.57 and a twelve month high of $70.31. The business has a 50 day moving average price of $60.89 and a 200 day moving average price of $61.47. The company has a market cap of $30.85 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 1.91 and a beta of 0.77.

Analysts Set New Price Targets

WPM has been the topic of several research reports. TD Securities upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. UBS Group initiated coverage on Wheaton Precious Metals in a research report on Monday, November 18th. They issued a “buy” rating and a $78.00 target price on the stock. Raymond James upped their target price on Wheaton Precious Metals from $74.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Stifel Canada upgraded Wheaton Precious Metals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $71.67.

Wheaton Precious Metals Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.